From time to time purchasers will buy an existing property with the intention of carrying out building work on the property and which can include additions to the existing house, pergolas and swimming pools etc. Most of the time these additions and extensions are permitted subject to obtaining the usual development approval from the [...]
Where property is owned by 2 or more people, there are two ways in which their ownership may be described. They can hold the property as joint tenants or as tenants in common. But why does it make any difference? Joint tenancy The owners as joint tenants own the whole of the property. If one [...]
When you are looking at purchasing a Strata Unit it is imperative to instruct your solicitor to obtain a Strata Inspection Report. The Report will provide information regarding not only the amount of quarterly levies and the balance of the administrative and sinking funds, but also the existence of a Special Levy or a [...]
We recently received an enquiry from a person who had purchased a block of land some time ago – the land is located in an area well known for having land slip and stability problems. At the time of purchase, the Contract contained a GEO Technical Report which indicated that whilst the land was located [...]
If you’ve been to see a solicitor recently about a conveyancing matter they may have asked for a photocopy of your ID, including passport, licence, birth certificate and other documents. There is a very important reason for this. NSW has recently brought in legislative amendments to facilitate electronic conveyancing (“e-conveyancing”). This system, which allows [...]
A section 149 certificate providing the local council’s zoning and other information in relation to a property within its Local Environmental Plan is a mandatory disclosure document in every contract for sale and purchase of land in New South Wales. It is critical to always check for a purchaser or the grantee of any [...]
Entering the property market can be an overwhelming process. Where do I start? Always get advice from your Broker or financial institution Lending Manager about the amount that you can borrow and the amount that you can afford to repay on a monthly basis. This will allow you to create a budget for properties that [...]
It is advisable to obtain a Strata Report before purchasing a Home Unit. The report can reveal a number of matters which may influence the price you’re prepared to pay for the unit or even whether you purchase the unit. Some of the matters revealed by a Strata Report are the following: Financial State [...]
If you are selling a house in which you have carried out an extension at some stage in the past, or perhaps you are doing extensions at the present time and anticipate that you may sell in the future – there are a number of things to bear in mind to avoid potential problems [...]
If you own a swimming pool or spa you are required to register the swimming pool or spa with the NSW Swimming Pool Register. However, if you are considering selling a property with a swimming pool or spa pool you are now required to obtain a valid Certificate of Compliance or a valid Certificate [...]
